Centiva Capital LP Cuts Stock Position in Douglas Dynamics, Inc. (NYSE:PLOW)

Centiva Capital LP trimmed its position in Douglas Dynamics, Inc. (NYSE:PLOW) by 39.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,021 shares of the auto parts company’s stock after selling 6,450 shares during the period. Centiva Capital LP’s holdings in Douglas Dynamics were worth $276,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of PLOW. PDT Partners LLC purchased a new stake in shares of Douglas Dynamics during the third quarter worth about $233,000. FMR LLC grew its position in Douglas Dynamics by 88.6% during the 3rd quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock worth $72,000 after purchasing an additional 1,229 shares during the last quarter. Pzena Investment Management LLC grew its position in Douglas Dynamics by 15.9% during the 3rd quarter. Pzena Investment Management LLC now owns 1,624,820 shares of the auto parts company’s stock worth $44,813,000 after purchasing an additional 222,945 shares during the last quarter. Quest Partners LLC acquired a new position in Douglas Dynamics during the 3rd quarter valued at approximately $118,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Douglas Dynamics in the third quarter worth $207,000. 91.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Robert W. Baird lowered their price target on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. StockNews.com downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Thursday, October 31st.

Douglas Dynamics Trading Up 0.2 %

Shares of Douglas Dynamics stock opened at $25.70 on Thursday. The stock has a market cap of $593.52 million, a PE ratio of 11.17, a price-to-earnings-growth ratio of 1.40 and a beta of 1.20. The firm has a fifty day moving average price of $25.54 and a 200 day moving average price of $25.66. Douglas Dynamics, Inc. has a 1 year low of $21.31 and a 1 year high of $31.39. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13.

Douglas Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend is Monday, December 16th. Douglas Dynamics’s payout ratio is presently 51.30%.

Douglas Dynamics Profile

Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light trucks and heavy duty trucks, as well as various related parts and accessories.